I mentioned that Dow Jones is now in a consolidation phase. I also came across a video that is looking at the S&P 500 market. I have not reviewed and posted anything on S&P500 so far. Therefore, I think this S&P 500 video will be very helpful to give you some insight about the S&P500 market.
If I am looking at the Dow Jones chart now, I am seeing the Dow Jones in now trading in a rectangular consolidation stage. The uptrend is still not broken yet so far, and therefore the bull run still remains intact.
However, there is some bearish sign appearing on the weekly. Let’s take a look now!
It is now time to take another look at the SP 500.The SP 500 index is caught between two trend lines that are the dominant technical indicators right now for this market. If either gives way, it will point the direction of the next major swing.
After lots of leaked news and rumours, the final verdict of the bank stress test result was finally announced. Some banks needs extra capital while some do not. What’s next now for the stock market movement? Is it going up or correcting downwards?
Let’s check out it on a video now!
I was anticipating the stock market to show some weakness or even would have done some correction this week. However, the market seem to continue its bull steam and keep running up. Are we ready for a bull run?
Fed chief Bernanke gave some optimistic report to the US congress that he expects the economy to start growing again this year. There are also report showing that the rate of job losses is slowing down. These are some good news to cheer the market up.
Let’s listen to what a hedge fund manager has to say about our current market!
It is a earning report season now in the US markets. Ford today announced a better than expected result and this good news seem to push the US market higher.
Chrysler is close to filing Chapter 11 of U.S. Bankruptcy laws as early as next week.
Everyone is waiting for the news of GM.
Another round of market tsurami might be in the formation… Beware, and exercise extra cautions if you are still in the market.
It is the 1st trading day of Q2 in 2009. It is also an April Fool day. Do you think Dow Jones or the US stock market has hit the bottom? Is it ready to resume the recovery? My answer is Yes, It has hit bottom, but I think it is still too early to say the market will start its recovery.
Let’s take a closer look now!
Ben Bernanke has just said that recession could end in 2009. Do you think that will send some strong signal for the market to rebound on Monday??? The market indeed has managed to close with the best gaining week last week since November. Do you think the market will resume this momentum to drive higher?
Let’s take a look now!
